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A rent increase notice is a letter from a landlord to a tenant indicating a rent hike. Legal rent increases can occur only in month-to-month leases or after a fixed lease expires. Steps to legally increase rent include: 1) Determining the increase amount using area comparables from sites like Rentometer.com; 2) Reviewing the rental agreement, as landlords cannot raise rent during a fixed lease; 3) Checking state notice requirements, as some states mandate a 30 to 60-day notice before a rent increase. While landlords can raise rent significantly, they should carefully consider the amount to avoid losing reliable tenants.
